LEASES (Tables)

3 Months Ended

Sep. 30, 2022

Leases [Abstract]

Assets and Liabilities

At September 30, 2022, the Company has the following balances recorded in the balance sheet related to its lease arrangements:

($ in thousands)	Balance Sheet Classification	As of September 30, 2022		As of June 30, 2022
Assets:	Operating lease right-of-use assets	$	2,076	$	2,370
Liabilities:
Current	Accrued expenses	$	1,505	$	1,538
Long-term	Operating lease liabilities, non-current	2,030		2,366
Total lease liabilities		$	3,535	$	3,904

Lease Costs

Components of lease cost are as follows:

($ in thousands)	Three months ended September 30, 2022		Three months ended September 30, 2021
Operating lease costs*	$	558	$	442

* Includes short-term lease and variable lease costs, which are not material.

Supplemental cash flow information and non-cash activity related to our leases are as follows:

($ in thousands)	Three months ended September 30, 2022		Three months ended September 30, 2021
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	546	$	480
Non-cash activity:
Right-of-use assets obtained in exchange for lease obligations:
Operating lease liabilities	$	—	$	471

Maturities of Lease Liabilities, Operating Leases

Maturities of lease liabilities by fiscal year for our leases are as follows:

($ in thousands)	Operating Leases
2023	1,324
2024	1,029
2025	707
2026	628
2027	265
Total lease payments	$	3,953
Less: Imputed interest	(418)
Present value of lease liabilities	$	3,535

Property, Plant, and Equipment, Lessor Asset under Operating Lease

Property and equipment used for the operating lease rental program consisted of the following:

($ in thousands)	September 30, 2022		June 30, 2022
Cost	$	26,007	25,242
Accumulated depreciation	(23,157)		(22,914)
Net	$	2,850	$	2,328